Tag: Uber

Ride-hailing company and Uber competitor Lyft will go public with 30.8 million shares at between $ 62 to $ 68 a pop. The announcement would value Lyft at $ 19.46 billion at the upper end of the spectrum. In total, Lyft will aim to raise $ 2 billion in the IPO. Per the Securities and Exchange Commission filing, Lyft will issue two classes of common stock, Class A and Class B with adjusted voting powers. Despite accumulating substantial losses, Lyft has recorded rising revenue and bookings as it takes on rival Uber in the ride-hailing race. With 30.7 million users in 2018, Lyft is

The big debate amongst IPO investors right now is whether they prefer Uber or Lyft. Both companies might appear to offer practically the same services, but when you get into the details things become less clear. Lyft is technically a “unicorn” with a valuation at over $ 1 billion, and Friday’s IPO included a lot of interesting information. Utilizing these new stats and some existing information, here are five big reasons why Lyft is a significant threat to Uber. 1. Lyft is focused; Uber is bloated The principal difference between Uber and Lyft is size. While Uber is in nearly 70

Uber is suing New York, seeking to overturn the city’s year-long cap on new licenses for ride-hailing vehicles. The company said it’s suing the city because it’s worried that the temporary restriction could become a permanent draconian measure. 12-Month Cap Was Imposed To Curb Congestion In its February 15 lawsuit filed in New York Supreme Court, Uber claims the city is punishing it with a “ban first, study later” approach that’s anti-competitive and hurts customers who live outside of Manhattan. “The City chose to significantly restrict service, growth, and competition by the for-hire vehicle industry, which will have a disproportionate

Voyager, a brokerage startup that helps users easily find the best prices for Bitcoin and other crypto assets, has gone public in Canada on the Toronto Venture Exchange (TSX-V) through a reverse merger reportedly worth $ 60 million. The privately-held company co-launched by ex-Uber CTO Oscar Salazar acquired publicly-traded company UC Resources Ltd. Voyager entered a share-purchase agreement with the former mineral exploration company, which led to the formation of a newly merged venture, dubbed Voyager Digital (Canada) Ltd. Voyager is now trading on the TSX Venture Exchange. For us, going public just made sense to bring transparency to our business and

Keith Ellison's first hint that bitcoin was poised for a breakthrough was over the summer when a friend planning her nuptials sent an unusual text. “She wanted to know whether to accept the wedding band's offer of a discount in exchange for bitcoin,” said Ellison, a Manhattan Beach investment analyst, …Google Alert – bitcoin